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Definition of Countercyclical
Falling during expansions and rising during recessions. A countercyclical policy stimulates during a recession and contracts during an expansion.
Futures contracts, such as stock index futures, that settle for cash, not involving
Procedures followed by a firm in attempting to collect accounts receivables.
Similar to equipment trust certificates except that the lender is either the
An established guide for the firm to determine the amount of money it will pay as dividends.
The use of government spending and taxing for the specific purpose of stabilizing the economy.
Actions taken by the Board of Governors of the Federal Reserve System to influence the
A set or collection of something.
contracts which have been bought or sold without the transaction having been completed by
Analysis of a decision on dividend policy, in a perfect capital
A long-term asset allocation method, in which the investor seeks to assess an
View of corporation as a set of contracting relationships, among individuals
The argument that dividend changes are important signals to investors
The view that shareholders prefer capital gains over dividends,
An argument that "within reason," investors prefer large dividends to
A whole life insurance policy that provides a death benefit dependent on the
Procedures to collect and monitor receivables.
Standards set to determine the amount and nature of credit to extend to customers.
A monetary policy of matching wage and price increases with money supply increases so that the real money supply does not fall and push the economy into recession.
A policy designed to increase an economy's prosperity at the expense of another country's prosperity.
Decreasing inflation by immediately decreasing the money growth rate to a new, low rate. Contrast with gradualism.
Demand Management Policy
Fiscal or monetary policy designed to influence aggregate demand for goods and services.
A policy that is a conscious, considered response to each situation as it arises. Contrast with policy rule.
A change in government spending or taxing, designed to influence economic activity.
A policy designed to lower inflation without reducing aggregate demand. Wage/price controls are an example.
Actions taken by the central bank to change the supply of money and the interest rate and thereby affect economic activity.
Theory that anticipated policy has no effect on output.
A formula for determining policy. Contrast with discretionary policy.
Loosely speaking, a period of less-than-normal economic growth. Technically, a downturn in economic activity in which real GDP falls in two consecutive quarters.
Tax-Related Incomes Policy (TIP)
Tax incentives for labor and business to induce them to conform to wage/price guidelines.
Walsh-Healey Public Contracts Act of 1936
A federal Act that forces government contractors to comply with the government’s minimum wage and hour rules.
Policy Acquisition Costs
Costs incurred by insurance companies in signing new policies, including expenditures on commissions and other selling expenses, promotion expenses, premium
A company’s stated goal for how soon a customer order will be
This is an administrative fee which is part of most life insurance policies. It ranges from about $40 to as much as $100 per year per policy. It is not a separate fee. It is incorporated in the regular monthly, quarterly, semi-annual or annual payment that you make for your policy. Knowing about this hidden fee is important because some insurance companies offer a policy fee discount on additional policies purchased under certain conditions. Sometimes they reduce the policy fee or waive it altogether on one or more additional policies purchased at the same time and billed to the same address. The rules are slightly different depending on the insurance company. There could be enormous savings if several people in the same family or business were intending to purchase coverage at the same time.
This is the person who owns a life insurance policy. This is usually the insured person, but it may also be a relative of the insured, a partnership or a corporation. There are instances in marriage breakup (or relationship breakup with dependent children) where appropriate life insurance on the support provider, owned and paid for by the ex-spouse receiving the support is an acceptable method of ensuring future security.
Business Expansion Investment
The use of capital to create more money through the addition of fixed assets or through income producing vehicles.
A course of action adopted by a financial institution to guide and usually determine present and future decisions in the light of given conditions.
This policy governs Canada Life's actions regarding distribution of dividends to policyholders. It's goal is to achieve a dividend distribution that is equitable and timely, and which gives full recognition of the need to ensure the ongoing solidity of the company. It also specifies that distribution to individual policyholders must be equitable between dividend classes and policyholder generations, and among policyholders within any class.
Insurance Policy (Credit Insurance)
A policy under which the insurance company promises to pay a benefit of the person who is insured.
Joint Policy Life
One insurance policy that covers two lives, and generally provides for payment at the time of the first insured's death. It could also be structured to pay on second death basis for estate planning purposes.
A type of insurance policy or annuity in which the owner does not receive dividends.
A policy offers the potential of sharing in the success of an insurance company through the receipt of dividends.
A written document that serves as evidence of insurance coverage and contains pertinent information about the benefits, coverage and owner, as well as its associated directives and obligations.
Yearly event linked to a policy. Usually the date issued.
Date on which the insurance company assumes responsibilities for the obligations outlined in a policy.
Administrative charge included in a policy Premium.
Period between two policy anniversaries.
The person who owns and holds all rights under the policy, including the power to name and change beneficiaries, make a policy loan, assign the policy to a financial institution as collateral for a loan, withdraw funds or surrender the policy.
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